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The pricing of used cars can be affected by geography. For example, [[convertible]]s have a higher demand in warmer climates than in cooler areas. Similarly, [[pickup truck]]s may be more in demand in [[rural area|rural]] than [[urban area|urban]] settings. The overall condition of the vehicle has a major impact on pricing. Condition is based on appearances, vehicle history, mechanical condition, and mileage. There is much subjectivity in how the condition of a car is evaluated.<ref>{{cite web |url=http://autos.msn.com/kbb/faq.aspx |title=Kelley Blue Book - MSN Autos |publisher=Autos.msn.com |date=2010-02-22 |access-date=2010-08-15 |archive-url= https://web.archive.org/web/20110810210944/http://autos.msn.com/kbb/faq.aspx |archive-date=2011-08-10 |url-status=dead }}</ref>
There are various theories as to how the market determines the prices of used cars sold by private parties, especially relative to new cars. One theory suggests that new car dealers are able to put more effort into selling a car, and can therefore stimulate stronger demand. Another theory suggests that owners of problematic cars ("[[lemon (automobile)|lemons]]") are more likely to want to sell their cars than owners of perfectly functioning vehicles. Therefore, someone buying a used car bears a higher risk of buying a lemon, and the market price tends to adjust downwards to reflect that.<ref>{{cite book|last=McKenzie|first=Richard B.|title=Why Popcorn Costs So Much at the Movies: And Other Pricing Puzzles|publisher=Copernicus Books|isbn=9780387769998|year=2008|pages=[https://archive.org/details/whypopcorncostss00mcke/page/9 9–31]|url-access=registration|url= https://archive.org/details/whypopcorncostss00mcke/page/9}}
==Laws and regulations by region==
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